The Euro gained by 0.1 percent yesterday on the back of upbeat market sentiments in later part of the trade. Further, weakness in the DX also supported an upside in the currency.
However, unfavorable economic data from the region restricted positive movement in the currency. The Euro touched an intra-day high of 1.3879 and closed at 1.3849 on Monday.
German Import Prices declined by 0.6 percent in March as against a previous fall of 0.1 percent in February.
In today’s trade, the Euro is expected to trade on a mixed note on the back of expectations of favourable economic data from the region will support an upside in the currency. Further, weakness in the DX will act as a positive factor for the currency. While on the other hand, mixed market sentiments will act as a negative factor.
www.punjiniveshonline.com
However, unfavorable economic data from the region restricted positive movement in the currency. The Euro touched an intra-day high of 1.3879 and closed at 1.3849 on Monday.
German Import Prices declined by 0.6 percent in March as against a previous fall of 0.1 percent in February.
In today’s trade, the Euro is expected to trade on a mixed note on the back of expectations of favourable economic data from the region will support an upside in the currency. Further, weakness in the DX will act as a positive factor for the currency. While on the other hand, mixed market sentiments will act as a negative factor.
www.punjiniveshonline.com
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